Dihydromyrcenol Market to Observe Strong Development by 2025
Dihydromyrcenol
is a colorless or pale-yellow colored liquid with strong smell
resembling to fresh lime and sweet odor. It is insoluble in water and
soluble in paraffin oil and alcohol. It belongs to the family of
acyclic terpenic alcohols. Dihydromyrcenol is manufactured from
dihydromyrcenyl chloride by hydrolysis of dihydromyrcenyl chloride in
an aqueous medium containing a base and a phase transfer catalyst in
an amount of 0.001-10 mole %, based on the amount of dihydromyrcenyl
chloride.
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Dihydromyrcenol
Market: Drivers and Restraints
Dihydromyrcenol
is a major constituent of fragrance chemicals used in personal care
products and cosmetics industries. The global fragrance chemicals
industry is anticipated to expand at an annual growth rate of 7% to
8% by 2024. The two leading factors that contribute to this growth
are increasing consumer expenditure on personal care products
worldwide and new product launches by leading manufacturers of
fragrance chemicals. On the other hand, one of the key restraints for
the fragrance chemicals industry is the continuous need to advance,
and update the existing fragrances and produce new fragrances that
appeal to consumers worldwide. Development of organic and natural
fragrance products is projected to create lucrative opportunities for
the dihydromyrcenol market in the near future. Moreover, online shops
have considerably fueled the fragrance chemicals industry. This, in
turn, is anticipated to drive the dihydromyrcenol market in the next
few years. Companies are adopting various marketing techniques to
regulate the increasing prices of dihydromyrcenol. The rising demand
for fragrances and thereby, the increasing demand for dihydromyrcenol
along with the mounting popularity of tailored perfumes are factors
expected to fuel the dihydromyrcenol market in the near future.
The
soaps & detergents segment is projected to account for a major
share of the global dihydromyrcenol market by the end of the forecast
period, followed by the cosmetics & toiletries segment. The
market for dihydromyrcenol is primarily driven by innovative consumer
products, especially in personal care applications such as hair and
skin care products. Dihydromyrcenol is employed as an intermediate in
the production of derivatives such as myrcetol and
tetrahydromyrcenol, or in compounding fragrances. It is considered as
one of the key constituents of perfumery products.
Fragrances
have transitioned as a mainstream element of the cosmetics industry.
From a non-essential commodity, they have evolved as obligatory,
day-to-day, personal grooming products. The dihydromyrcenol market
flourishes in a consumer-driven industry, dictated by beauty and
fashion trends. The global fragrance chemicals industry plays a
significant role in the luxury personal products.
Based
on geography, the global dihydromyrcenol market can be segmented into
North America, Asia Pacific, Latin America, Europe, and Middle East &
Africa. The dihydromyrcenol market in Asia Pacific is anticipated to
register the maximum growth rate during the forecast period. Asia
Pacific accounted for approximately 25% share of the global
fragrances market in 2015 and is expected to provide lucrative growth
opportunities in the near future. However, North America and Europe
are estimated to experience decline in demand for synthetic perfumes
in the next few years, due to the rising demand for organic
fragrances.
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Some
of the key players operating in the global dihydromyrcenol market
are:
Manish
Minerals & Chemicals,Phoenix Aromas & Essential Oils,
LLC,Privi Organics Ltd.,Anthea Aromatics,
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